Devon Energy Corp. to sell its Utica / Point Pleasant assets in Ohio

Oklahoma City-based Devon Energy is accepting bids until March 13th on its assets in the Utica Shale / Point Pleasant play in Ohio, including acreage associated with its joint venture with China Petrochemical Corporation (Sinopec) (See the Jan 04, 2012, blog – “Another major U.S. shale stake sold to foreign energy company”) , announced Scotia Waterous – the oil and gas arm of Scotiabank. The offering amounts to approximately “244,000 gross acres (195,000 net) in eastern Ohio across the liquids-prone portion of the play.” For details on the offering, read the full announcement.

Ohio